v3.26.1
Retirement and Postretirement Plans (Tables)
 6 Months Ended
Jun. 30, 2026
Retirement Benefits [Abstract]  
Summary of Components of Net Periodic Benefit Cost (Credit) for Plans

The following tables provide the components of net periodic benefit cost (credit) for Nexstar’s pension benefit plans (in millions):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Interest cost

 

$

21

 

 

$

19

 

 

$

39

 

 

$

39

 

Expected return on plan assets

 

 

(29

)

 

 

(26

)

 

 

(54

)

 

 

(52

)

Amortization of net gain

 

 

-

 

 

 

(1

)

 

 

-

 

 

 

(3

)

Net periodic benefit credit

 

$

(8

)

 

$

(8

)

 

$

(15

)

 

$

(16

)
Schedule of Expected Pension Benefit Plan Contributions

The following table presents the estimated contribution to and benefit payments from the plan assets (in millions). Actual contributions may differ materially from these estimates.

Estimated Employer Contributions

 

 

 

2026 to participant benefits

 

$

9

 

Estimated Benefit Payments

 

 

 

2026

 

$

29

 

2027

 

 

33

 

2028

 

 

33

 

2029

 

 

32

 

2030

 

 

31

 

2031-2035

 

 

135